Market wrap 11/01/2024

Today’s trading activities closed on a positive note as the All share index trimmed its previous session’s loss by +0.70% to settle at 82,597.04pts. This was buoyed by positive movement in Jberger (+9.92%), Cadbury (+9.77%), FBNH (+6.78%), PZ (+5.36%), UBA (+4.94%), GTCO(+2.27%), Zenithbank (+1.99%) and Flourmill (+1.81%) among others. On the contrary, Ikejahotel (-9.90%), Honyflour (-6.41%) Maybaker (-5.28%) and UACN (-3.32%) finished lower at the close  of the session.

Turnover was N14.41bln ( $15.75mln) dominated by trades in Zenithbank ,UBA, Accesscorp, and  MTN. The year to date return on the ASI increased to 10.46%. We anticipate the same trading pattern in the coming session.

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